- Crypto Paradise warns XRP could drop to $1.60, calling it a bearish trap to pressure sellers before reversal.
- Analyst suggests shorting XRP if it hits $2.40-$2.50 with bearish patterns, offering high risk-reward ratios before potential reversal.
Crypto analysts have warned that XRP may drop to $1.60, contradicting bullish projections from peers who see the token rebounding to near $3.00. The conflicting views highlight uncertainty as traders weigh technical patterns and market behavior.
Crypto Paradise shared a chart suggesting XRP could fall to a support level of $1.60, calling the move a potential “bearish trap” designed to pressure sellers before a reversal. He noted that if XRP rises to $2.40-$2.50 and forms clear downward signals, short-term trades could offer favorable risk-reward ratios.
However, a sustained close above $2.50 would negate this outlook, requiring traders to wait for clearer trends. The analyst stressed disciplined decision-making, advising against emotional reactions to price swings.
In contrast, crypto analyst Ali Martinez identified an inverse head-and-shoulders pattern in XRP’s chart, a formation often linked to upward momentum. He projected a rise to $2.70-$2.90 if the pattern holds, with potential for new highs beyond that range. Martinez did not specify a timeline but implied the setup depends on holding key support levels.
XRP (Ripple) is currently trading at $2.25, showing strong recovery momentum over the past few months. It has broken out of a descending wedge pattern, a bullish technical formation, and remains securely above key moving averages.
XRP is approaching a critical resistance level at $2.40, and a breakout above this zone could accelerate a move toward $2.77–$3.00. Immediate support levels are positioned between $2.16 and $2.12, providing a cushion against potential short-term pullbacks. The overall technical sentiment for XRP is classified as neutral-to-bullish, reflecting a stable uptrend with room for further appreciation.
On the institutional side, confidence in XRP is steadily increasing. Wealth management firms, such as UBS Wealth Management, are reportedly advising clients to gain exposure to Ripple and XRP. Furthermore, XRP-related investment products have seen significant capital inflows in recent weeks, underscoring growing institutional demand.
Regarding ETFs, the landscape is evolving rapidly. The SEC recently delayed its decision on the Franklin XRP Fund ETF until June 17, 2025, part of broader delays across the crypto ETF sector.
Nevertheless, significant progress has been made: ProShares’ leveraged and inverse XRP futures ETFs are set to launch on April 30, 2025, and the CME Group is preparing to introduce XRP futures shortly thereafter.
Fundamentally, Ripple continues to deliver strong real-world utility through its payments network, positioning XRP as a reliable bridge currency for cross-border transactions. Its environmentally friendly model further enhances its appeal in a world increasingly focused on ESG (Environmental, Social, Governance) factors.
